China Eximbank contributes to $90 million export seller’s credit for Phase 1 of the Luanda Railway Rehabilitation Project (Linked to Record ID#67143)

📋 Staff Comments

1. The Chinese project title is 中安铁路合作项目 or 安哥拉罗安达铁路修复项目 or 罗安达铁路修复和改造项目第一期工程.
2. Further investigation is needed to determine if the Chinese company or companies that received the export seller’s credit from China Eximbank used the proceeds to issue one or more supplier credits to the Government of Angola.
3. Phase II of the Luanda Railway Rehabilitation Project was financed via China International Fund Ltd. (CIF), a private Hong Kong–based institution, who extended $2.9 billion to assist Angola’s postwar reconstruction effort in 2005. This credit facility is managed by Angola’s Reconstruction Office, Gabinete de Reconstrução Nacional (GRN), which is exclusively accountable to the Angolan presidency. A portion of this credit line was envisioned for Phase II of the Luanda Railway Rehabilitation Project.
4. The individual contributions of China Eximbank and China Construction Bank to the $90 million syndicated loan are unknown. For the time being, AidData assumes equal contributions ($45 million) across all two known members of the syndicate.

📚 Sources & References

• CHINA - Government promises aid for Angola.
• China
• Angola seek closer economic ties
• Angola: Reconstruction of Luanda railroad by Chinese company, concluded in November
• Angolan president speaks highly of China-built railway line on trial operation
• Angola: Repair of Luanda Railway Complete in August
• ANGOLA AND CHINA A Pragmatic Partnership
• Chinese Financial Assistance in Angola
• China-Angola aid relations: strategic cooperation for development?
• Progress in reconstructing the rail network is slow
• Country Level Evaluation Angola
• Uncovering African Agency : Angola's Management of China's Credit Lines
• 安哥拉总统对中安铁路合作项目进展表示满意
• Builder of Railways Abroad
• LUANDA RAILWAYS TO LAUNCH CARGO TRAINS
• TRAFFIC LIGHTS INSTALLED AT LUANDA RAILWAYS STATIONS
• Angola's Luanda Bungo/Bala Railway Project Starts
• Angola's New Minister of Transport Inspects Luanda Railway Construction Project, 11月13日，迄今为止中安最大的合作项目，造价9000万美元的罗安达铁路修复和改造项目第
• Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa
• Chinese Loans to Africa Database
• UNCOVERING AGENCY: ANGOLA’S MANAGEMENT OF RELATIONS WITH CHINA
• China-Angola aid relations: strategic cooperation for development?
• 安哥拉总统对中安铁路合作项目进展表示满意
• EMERGENCY MULTISECTOR RECOVERY PROJECT (EMRP) PROJECT MANAGEMENT IMPLEMENTATION UNIT Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.